Washington Post 2012 Annual Report Download - page 91

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The changes in the carrying amount of goodwill, by segment, during 2012 and 2011 were as follows:
(in thousands) Education
Cable
Television
Newspaper
Publishing
Television
Broadcasting
Other
Businesses Total
Balance as of January 2, 2011
Goodwill ........................................... $1,073,089 $85,488 $ 81,183 $203,165 $100,152 $1,543,077
Accumulated impairment losses ........................... (15,529) —(65,772) —(85,419) (166,720)
1,057,560 85,488 15,411 203,165 14,733 1,376,357
Acquisitions ........................................... 78,643 —— — —78,643
Impairment ........................................... —— — —(11,923) (11,923)
Dispositions ........................................... (21,144) —— — — (21,144)
Foreign currency exchange rate changes and other .............. (6,936) —— — —(6,936)
Balance as of December 31, 2011
Goodwill ........................................... 1,116,615 85,488 81,183 203,165 100,152 1,586,603
Accumulated impairment losses ........................... (8,492) —(65,772) —(97,342) (171,606)
1,108,123 85,488 15,411 203,165 2,810 1,414,997
Acquisitions .......................................... 7,364 — — — 16,242 23,606
Impairment .......................................... (102,259) — — — — (102,259)
Dispositions .......................................... (29,000) — — — — (29,000)
Foreign currency exchange rate changes and other ............ 10,571 — — — — 10,571
Balance as of December 31, 2012
Goodwill ........................................... 1,097,058 85,488 81,183 203,165 19,052 1,485,946
Accumulated impairment losses ......................... (102,259) — (65,772) — — (168,031)
$ 994,799 $ 85,488 $ 15,411 $ 203,165 $ 19,052 $ 1,317,915
The changes in carrying amount of goodwill at the Company’s education division for 2012 and 2011 were as follows:
(in thousands)
Higher
Education
Test
Preparation
Kaplan
International
Kaplan
Ventures Total
Balance as of January 2, 2011
Goodwill ........................................................ $335,226 $229,486 $444,940 $ 63,437 $1,073,089
Accumulated impairment losses ........................................ —(7,037) —(8,492) (15,529)
335,226 222,449 444,940 54,945 1,057,560
Reallocation, net .................................................... 91,043 (70,262) —(20,781) —
Acquisitions ........................................................ 422 —74,803 3,418 78,643
Dispositions ........................................................ (17,479) ——(3,665) (21,144)
Foreign currency exchange rate changes and other ........................... (84) —(3,807) (3,045) (6,936)
Balance as of December 31, 2011
Goodwill ........................................................ 409,128 152,187 515,936 39,364 1,116,615
Accumulated impairment losses ........................................ —— —(8,492) (8,492)
409,128 152,187 515,936 30,872 1,108,123
Acquisitions ....................................................... — — 7,364 — 7,364
Impairment ....................................................... — (102,259) — — (102,259)
Dispositions ....................................................... — — — (29,000) (29,000)
Foreign currency exchange rate changes and other ......................... 56 — 12,387 (1,872) 10,571
Balance as of December 31, 2012
Goodwill ....................................................... 409,184 152,187 535,687 — 1,097,058
Accumulated impairment losses ...................................... — (102,259) — — (102,259)
$ 409,184 $ 49,928 $ 535,687 $ — $ 994,799
Other intangible assets consist of the following:
Useful Life
Range
As of December 31, 2012 As of December 31, 2011
(in thousands)
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Gross
Carrying
Amount
Accumulated
Amortization
Net
Carrying
Amount
Amortized Intangible Assets
Noncompete agreements ........................ 2 –5 years $ 14,008 $12,546 $ 1,462 $ 14,493 $10,764 $ 3,729
Student and customer relationships ................. 2– 10 years 73,693 40,787 32,906 75,734 47,888 27,846
Databases and technology ....................... 3 – 5 years 6,457 5,707 750 10,514 8,159 2,355
Trade names and trademarks ..................... 2– 10 years 26,634 18,185 8,449 36,222 18,936 17,286
Other ....................................... 1– 25 years 8,849 6,839 2,010 9,971 6,565 3,406
$129,641 $84,064 $45,577 $146,934 $92,312 $54,622
Indefinite-Lived Intangible Assets
Franchise agreements ........................... $496,321 $496,321
Wireless licenses .............................. 22,150 22,150
Licensure and accreditation ....................... 7,371 7,862
Other ....................................... 13,886 4,308
$539,728 $530,641
2012 FORM 10-K 79